India’s residential real estate market witnessed a sharp uptick in prices during the July–September quarter of FY2025, with Delhi-NCR emerging as the frontrunner among seven major cities. According to data released by Anarock Property Consultants, the region recorded a staggering 24% year-on-year increase in average housing prices, driven by robust demand, limited inventory, and infrastructure upgrades across Gurugram, Noida, and Greater Noida.
The surge in Delhi-NCR outpaced growth in other metros such as Bengaluru, Mumbai, Pune, Hyderabad, Chennai, and Kolkata, marking a significant shift in buyer preference and investment momentum. The average price per square foot in Delhi-NCR rose from ₹4,800 in Q2 FY2024 to ₹5,950 in Q2 FY2025, with premium micro-markets witnessing even higher appreciation.
Housing Price Growth – July to September 2025 (YoY Comparison)
| City | Avg Price Q2 FY2024 (₹/sq ft) | Avg Price Q2 FY2025 (₹/sq ft) | YoY Growth (%) |
|---|---|---|---|
| Delhi-NCR | 4,800 | 5,950 | 24% |
| Bengaluru | 6,000 | 7,200 | 20% |
| Pune | 5,500 | 6,500 | 18% |
| Mumbai | 10,500 | 12,000 | 14% |
| Hyderabad | 4,900 | 5,500 | 12% |
| Chennai | 5,200 | 5,750 | 11% |
| Kolkata | 4,300 | 4,700 | 9% |
Anarock’s report attributes Delhi-NCR’s performance to a combination of factors including the completion of key infrastructure projects like the Dwarka Expressway, increased traction in luxury housing, and a revival in end-user sentiment. Gurugram’s Golf Course Road and Noida’s Sector 150 were among the top-performing micro-markets, with price growth exceeding 30% in select projects.
Delhi-NCR Micro-Market Performance – Q2 FY2025 Highlights
| Micro-Market | Avg Price (₹/sq ft) | YoY Growth (%) | Key Drivers |
|---|---|---|---|
| Golf Course Road | 12,500 | 32% | Luxury demand, metro connectivity |
| Sector 150, Noida | 7,800 | 28% | Greenfield development, sports infra |
| Dwarka Expressway | 6,200 | 25% | Highway completion, new launches |
| Greater Noida West | 4,500 | 18% | Affordable housing, investor interest |
Developers in Delhi-NCR have responded to the demand surge with new launches, especially in the mid and premium segments. According to Anarock, the region saw over 18,000 new units launched in Q2 FY2025, up 22% from the previous year. The absorption rate also improved, with over 15,000 units sold during the quarter.
Delhi-NCR Residential Market – Q2 FY2025 Supply and Sales
| Metric | Q2 FY2024 | Q2 FY2025 | YoY Change (%) |
|---|---|---|---|
| New Launches | 14,800 | 18,100 | +22% |
| Units Sold | 12,300 | 15,200 | +23.5% |
| Unsold Inventory | 1,02,000 | 89,500 | -12.3% |
| Avg Ticket Size | ₹72 lakh | ₹81 lakh | +12.5% |
The broader trend across Indian metros indicates a shift towards homeownership, with buyers prioritizing connectivity, amenities, and future appreciation. Bengaluru and Pune followed Delhi-NCR in price growth, supported by IT sector hiring and hybrid work models. Mumbai’s growth was moderate due to high base prices and regulatory delays in redevelopment projects.
Anarock’s analysts expect the momentum to continue into Q3, especially with festive season launches and interest rate stability. “Delhi-NCR has reclaimed its position as India’s most dynamic housing market. The combination of infrastructure, policy support, and buyer confidence is driving this transformation,” said Anuj Puri, Chairman of Anarock Group.
Pan-India Residential Trends – Q2 FY2025 Observations
| Trend | Impact on Market | Commentary |
|---|---|---|
| Infrastructure Completion | Boosts micro-market demand | Dwarka Expressway, Metro Phase IV |
| Luxury Segment Revival | Higher ticket sizes, faster sales | Golf Course Road, South Delhi |
| Affordable Housing Push | Increased launches in Tier-II | Greater Noida, Faridabad |
| Regulatory Clarity | Faster approvals, RERA compliance | Improved developer credibility |
| Interest Rate Stability | Sustained buyer sentiment | RBI pause on repo rate hikes |
The report also highlights a notable rise in NRI interest, particularly in Delhi-NCR and Bengaluru. With the rupee stabilizing and rental yields improving, NRIs are increasingly investing in ready-to-move-in and under-construction properties in prime locations.
Social media platforms have seen a surge in real estate content, with hashtags like #DelhiNCRPropertyBoom, #HousingPriceSurge, and #RealEstateIndia2025 trending across Twitter/X, Instagram, and YouTube. Influencers and property consultants are actively promoting investment opportunities in emerging corridors.
Public Sentiment – Social Media Buzz on Housing Price Growth
| Platform | Engagement Level | Sentiment (%) | Top Hashtags |
|---|---|---|---|
| Twitter/X | 1.2M mentions | 84% optimistic | #DelhiNCRPropertyBoom #RealEstateIndia2025 |
| 1.1M interactions | 80% aspirational | #HousingPriceSurge #PropertyInvestment | |
| 950K views | 78% supportive | #HomeBuyingTrends #NCRRealEstate | |
| YouTube | 870K views | 82% informative | #PropertyMarketExplained #AnarockReport |
In conclusion, Delhi-NCR’s 24% housing price growth in Q2 FY2025 marks a significant milestone in India’s real estate resurgence. As infrastructure projects reach completion and buyer confidence strengthens, the region is poised to lead the next phase of urban housing transformation. With developers aligning supply to demand and policy frameworks supporting transparency, Delhi-NCR continues to set the benchmark for residential growth in India.
Disclaimer: This article is based on publicly available market reports, verified real estate data, and expert commentary. It does not constitute investment advice or property endorsement. Readers are advised to consult certified real estate professionals and financial advisors before making investment decisions.
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